Daiwa Securities Group Inc. Sells 162,236 Shares of Carnival Co. & plc (NYSE:CCL)

Daiwa Securities Group Inc. cut its holdings in Carnival Co. & plc (NYSE:CCL) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,811 shares of the company’s stock after selling 162,236 shares during the period. Daiwa Securities Group Inc.’s holdings in Carnival Co. & were worth $1,702,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Friedenthal Financial bought a new position in shares of Carnival Co. & in the fourth quarter worth about $28,000. Massmutual Trust Co. FSB ADV increased its stake in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares during the period. Hanseatic Management Services Inc. bought a new position in Carnival Co. & during the third quarter valued at about $30,000. Planned Solutions Inc. bought a new position in Carnival Co. & during the fourth quarter valued at about $41,000. Finally, First Horizon Advisors Inc. increased its stake in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after acquiring an additional 2,004 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CCL shares. Truist Financial boosted their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Susquehanna lowered their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Monday, March 25th. JPMorgan Chase & Co. upped their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Argus lowered their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Finally, Mizuho initiated coverage on Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $21.47.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Up 1.2 %

Shares of CCL opened at $14.29 on Tuesday. The company has a market capitalization of $16.03 billion, a P/E ratio of 54.94 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. Carnival Co. & plc has a one year low of $8.70 and a one year high of $19.74. The business’s 50 day simple moving average is $15.59 and its 200-day simple moving average is $15.43.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the business earned ($0.55) EPS. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.